17.06.2019
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains a full forecast for the Estonian economy, while in March and... more
12.06.2019

The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more

31.05.2019
Kaspar Oja Economist at Eesti Pank

Data from Statistics Estonia show that Estonian GDP was up 4.5% in the first quarter over the year, and by 0.5% over the quarter, adjusted seasonally and for the number of working days. Growth in the economy will slow in future and in this... more

27.03.2019
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains a full forecast for the Estonian economy, while in March and... more
27.03.2019

Growth in the Estonian economy will slow in the coming years to 2%, but the economy will continue to perform better than the average, and so it would be a mistake to pamper it further by running a deficit in the general government budget. Any such deficit would heat further the already... more

28.02.2019
Kaspar Oja Economist at Eesti Pank

Growth in the Estonian economy over the year was 4.2% in the fourth quarter and growth from the third quarter was 2.2%. It is probable that growth will slow during this year though from the impressive rate of recent years to a more normal... more

19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2018

The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter  the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more

30.11.2018
Kaspar Oja Economist at Eesti Pank

Statistics Estonia estimates that the economy grew by 4.2% in the third quarter over the year. This was a little faster than in the second quarter when the growth was 3.8%. The faster growth in the third quarter was an exception in the wider... more

04.10.2018

Among the presenters at the Äriplaan 2019 economic conference on Thursday was Eesti Pank Governor Ardo Hansson, who said that the past couple of years have been good for the Estonian economy, but a slower rate of growth is to be expected in future.

The past couple of years have been kind... more

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